Arc, an independent operator of ground storage and delivery services for petroleum products and chemicals includes refined products, renewable fuels and crude oil.
TTO President Ed Russell the company anticipates a yield of 4.5% based on the current distribution paid by Arc.
"We expect our distribution to increase to 8% as Lightfoot reaches full investment," Russell added.
TTO CEO David Schulte said the company is engaged in acquiring new investments with the help of Corridor Energy.
"Although the Lightfoot investment is not a real estate investment trust (REIT) the assets and the quality of its team are representative of investments we are targeting," Schulte added.
TTO invests primarily in privately-held companies operating in the midstream and downstream segments of the US energy infrastructure sector.
